Cyber Attack

Israel on Thursday led a 10-country simulation of a major cyber attack on the global financial system in an attempt to increase cooperation that could help to minimise any potential damage to financial markets and banks.

By Steven Scheer

JERUSALEM, Dec 9 (Reuters) – Israel on Thursday led a 10-country simulation of a major cyber attack on the global financial system in an attempt to increase cooperation that could help to minimise any potential damage to financial markets and banks.

The simulated cyber attack evolved over 10 days, with sensitive data emerging on the Dark Web along with fake news reports that ultimately caused chaos in global markets and a run on banks.

The simulation featured several types of attacks that impacted global foreign exchange and bond markets, liquidity, integrity of data and transactions between importers and exporters.

https://www.nasdaq.com/articles/exclusive-imf-10-countries-simulate-cyber-attack-on-global-financial-system

https://michaelburgwin3.com/2021/12/23/exclusive-imf-10-countries-simulate-cyber-attack-on-global-financial-system/